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Shubert Organization Trades Air Rights For Underground Theaters | Deadline by Jeremy Gerard

Why did the Shubert Organization, which owns 17 of Broadway's 40 designated theaters, sign off on a deal to buy New World Stages, the five-theater underground off-Broadway complex owned by Dutch entertainment mogul Joop van den Ende? Sources tell me the answer has nothing to do with the arts and everything to do with real estate " along with the unique, not to say wacky, world according to Shubert, a $410 million non…

SOURCE: Deadline at 03:49PM on August 26, 2014

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